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Bed Bath & Beyond, Inc.

  • Bed Bath & Beyond falls short

    Bed Bath & Beyond Inc. reported less-than-expected earnings for its third quarter, hurt by continuing higher expenses and flat sales.   The retailer’s profit dropped to $126.4 million or $0.85 per share, from $177.8 million or $1.09 per share in the year-ago period.    Sales inched up 0.1% to $2.96 billion, also lower than expected.  

  • Bed Bath & Beyond hit with overtime pay suit

    Bed Bath & Beyond Inc. is being accused of shorting the wages of employees by not paying them for overtime.   The class action lawsuit, filed in New Jersey’s Middlesex County Superior Court, accuses the home goods retailer of violating the state’s Wage and Hour Law by not paying some of its employees time-and-a-half for hours worked over 40 hours.   

  • Amazon price changes less ‘dynamic’ Thanksgiving weekend

    Amazon knows Thanksgiving weekend shoppers are typically bargain hunters, yet the company became increasingly less price dynamic as the weekend wore on.    That’s according to an infographic from 360pi, which examined the promotional and pricing strategies of Amazon, Walmart and Target, among others, during Thanksgiving, Black Friday and Cyber Monday.   

  • Bed Bath & Beyond looks to boost personalization category with new acquisition

    Bed Bath & Beyond hopes its newest acquisition will help it “get personal” with its shoppers.  

  • 2017: The year when retailers smash their cookie cutters?

    Retail real estate professionals and retailers have a symbiotic relationship when it comes to creating great shopping centers and memorable destinations. The former can develop, lease, and broker spaces in great projects in compelling locations, but a retail or mixed-use project is ultimately defined by its tenants: the better the retailers, the better the project.  

  • Home décor chain to open in-store cafe

    Bed Bath & Beyond is going local in Brooklyn, New York.   The home décor chain’s upcoming store in the Sunset Park section of Brooklyn will include a cafe that will feature local items, brooklynpaper.com reported, along with a coffee bar. The 120,000-sq.-ft. store will also offer cooking classes.     Other features will include a “Born in Brooklyn” department spotlighting items made in the borough as a means of supporting local manufacturers, according to the report.

  • Crafting retailer names head merchant

    Jo-Ann Fabric and Craft Stores has appointed a permanent chief merchandising officer.    Sharyn Hejcl has been promoted to executive VP, chief merchandising officer. For the past year, Hejcl served as the interim head of merchandising in conjunction with her role as senior VP, inventory management and supply chain. She will continue to report to the chain’s president and CEO Jill Soltau.  

  • Home decor retailer betas membership-only loyalty program

    Bed Bath & Beyond is taking a loyalty lesson from Amazon.com.   The chain, which is synonymous with blanketing its customer base with ubiquitous $5 off and 20% off discount coupons, is beta testing a paid membership-based loyalty program that rewards participating customers with exclusive benefits online and in-store.   
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